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'Do or die': Nissan to lay off thousands, close plants in $4.4 billion plan

Cutting models, curbing Ghosn's expansionism in face of a sales slump

Nissan is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said. The moves come on top of a turnaround plan unveiled in July and are likely to include cutting Nissan's range of cars and the array of product options and trims in each line, slashing jobs mostly at head offices in the United States and Europe, and reducing advertising a

ETC
Next-gen 2021 Kia Sorento shown inside and out in leaked pics

The midsize SUV gets a more chiseled face and upgraded interior

First Drive
2020 Mini Cooper SE First Drive | Little range, big fun

It can only go 110 miles, but the electric Mini is loads of fun and a good value

Featured
While we wait for Tesla's earnings report, here's how its profit per vehicle compares

Tesla stock may be soaring, but in this key measure, can't touch Porsche

Motorsports
Auto racing associations agree on a new, common premier class called LMDh

A manufacturer could race the same car at Daytona, Sebring and Le Mans

Official
'Fast & Furious 9' teaser drops; full trailer promised Friday

The ninth installment in the 'Fast and Furious' franchise is due to hit theaters this summer

Official

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